The U.S. Department of Justice has initiated a landmark civil forfeiture action to seize approximately $15 billion in Bitcoin, equivalent to 127,271 BTC, linked to the Prince Group's alleged international crypto fraud and forced-labor operations. The DOJ claims the funds were amassed through a global scam involving "pig butchering" fraud and labor trafficking in Cambodia since 2015.
Authorities have traced wallet clusters and transaction patterns used to launder the funds through "spraying" and "funneling" techniques. Concurrently, the Treasury Department has designated the Prince Group as a transnational criminal organization, imposing sanctions on key individuals involved.
DOJ Seeks $15 Billion in Bitcoin in Largest-Ever Civil Forfeiture
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